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Huaneng to acquire 50% of InterGen
China Huaneng Group will acquire a 50 percent stake in Intergen for US$1.2 billion.
In addition, China Huaneng Group will bear $2 billion worth of InterGen's debts, according to yicai.com.
Through the acquisition, China Huaneng Group will obtain rights to use 12 power plants of InterGen located in the UK, Holland, Mexico, Australia and The Philippines.